How the mechanism of solving hashes works?
We mine using our GPU then submitting the shares..then they pay us with money...what is their profit?
We mine using our GPU then submitting the shares..then they pay us with money...what is their profit?
Please read about mining and the other technical details about the blockchain in the Bitcoin's developer's guide located here, https://bitcoin.org/en/developer-documentation
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But one thing I know that we dont have any profit...the electricity we spent for mining is more than the money we earn in mining using our GPU.
If the cost of mining is higher than the reward then there is an argument that the coin mined is undervalued. I do not know if it applies on some altcoins but it generally does with Bitcoin.
